The activity of transnational corporations as a factor in the development of the processing industry

Abstract

The role of transnational corporations (TNCs) in ensuring the dynamic development of the processing industry is considered in the article. TNCs have a positive effect on the economy of the host countries, creating a competitive production that meets modern world standards, contributes to the development of industry and allows to move to a qualitatively new stage of development. The developing countries examples showed that the allocation of TNCs capital in processing industries can increase the degree of saturation of the domestic market with food commodities and industrial goods, create new employment placements, and produce competitive products. The conclusions show that the improvement of the overall investment climate and the implementation of a targeted policy in the field of attracting TNCs to the processing industry allow for optimal use of existing capacities and available resources.